Autoliv Inc Stock Forecast
Red day on Friday for Autoliv Inc stock after losing 0.345%
(Updated on May 03, 2024)
The Autoliv Inc stock price fell by -0.345% on the last day (Friday, 3rd May 2024) from $121.80 to $121.38. During the last trading day the stock fluctuated 1.93% from a day low at $120.78 to a day high of $123.11. The price has been going up and down for this period, and there has been a 5.7% gain for the last 2 weeks. Volume has increased on the last day by 26 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 568 thousand shares were bought and sold for approximately $68.99 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.12% during the next 3 months and, with a 90% probability hold a price between $125.49 and $138.39 at the end of this 3-month period.
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ALV Signals & Forecast
The Autoliv Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $120.40 and $119.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 6.14%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Autoliv Inc stock
Autoliv Inc finds support from accumulated volume at $120.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.33 (1.93%) between high and low. For the last week, the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: $117.02 (-3.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (ALV) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Autoliv Inc to open at $121.76, and during the day (based on 14 day Average True Range), to move between $118.74 and $124.02, which gives a possible trading interval of +/-$2.64 (+/-2.17%) up or down from last closing price. If Autoliv Inc takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $121.80 (0.35%) than the support at $120.43 (0.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Autoliv Inc stock A Buy?
Autoliv Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.027 Strong Buy Candidate Unchanged
Predicted Opening Price for Autoliv Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $121.76 ( 0.310%) | $121.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124.09 | 2.23 % | |
| R2 | 123.20 | 1.50 % | ||
| R1 | 122.65 | 1.04 % | ||
| Current price: | 121.38 | |||
| Support | S1 | 120.87 | -0.423 % | |
| S2 | 120.32 | -0.88 % | ||
| S3 | 119.43 | -1.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122.29 | 0.750 % | |
| R2 | 122.13 | 0.618 % | ||
| R1 | 121.80 | 0.346 % | ||
| Current price | 121.38 | |||
| Support | S1 | 120.43 | -0.783% | |
| S2 | 117.93 | -2.84% | ||
| S3 | 115.85 | -4.56% |
ALV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 11, 2024 | Mar 27, 2024 | $0.680 | 0.557% |
| 2 | Nov 09, 2023 | Nov 27, 2023 | Dec 13, 2023 | $0.680 | 0.663% |
| 3 | Sep 06, 2023 | Sep 06, 2023 | Sep 22, 2023 | $0.660 | 0.690% |
| 4 | May 10, 2023 | May 24, 2023 | Jun 13, 2023 | $0.660 | 0.738% |
| 5 | Feb 16, 2023 | Mar 07, 2023 | Mar 23, 2023 | $0.660 | 0.750% |
FAQ
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